What is interesting about this is how it seems to be following the previous cycles, both regarding the ripple effects, and these big catch ups that the provinces have. I was talking to someone in Palmy and areas that are around Palmy like Feilding and Pahiatua seem to the new hot spots for people who can't buy in Palmy. The price rise is causing rental rises and homes to rise. Masterton and the Wairarapa has a rental crisis according to the news!
I also find the responses from the provinces to be interesting. In looking at their district plans, many councils have very aggressive plans to address the changing demographics. Whether successful or not time will tell, but it is interesting to watch. The Wanganui wharf is a classic case in point. http://www.stuff.co.nz/business/indu...-link-proposal.
It is a great social expt to watch. Does NZ have a unique global advanatge, thus attracting foreigners, and will the strategies of the provinces be enough to attract foreign capital and/or internal migration to these areas?
The next couple of years will be interesting to watch these trends and see what, if anything, comes to fruition.
Comment